Musk vs. Dogecoin Investors Latest Twist
Musk is taking the heat these days. The multi-billion dollar lawsuit where he is accused of market manipulation is growing more and more toxic, with lawyers exchanging strong-worded letters.
In their response, “Memorandum of Law in Opposition to Motion — Document #84,” filed on July 6, Musk and Tesla's legal team addressed the motion filed by Evan Spencer, the lead lawyer representing the plaintiffs in the Dogecoin case.
He believes that Musk’s lawyers are "yes men" who cannot represent Musk and Tesla simultaneously. This, argue the plaintiffs, constitutes a conflict of interest.
The strong-worded response dismisses these allegations, dubbing them "unsubstantiated" and "frivolous." They contend that, according to New York law, there is no conflict of interest in their representation.
“The Motion before this Court likewise does not pass the laugh test—but there is absolutely nothing funny about it. Indeed, Spencer’s unfounded and audacious allegations of purported conflicts of interest and ethical improprieties by undersigned counsel are so improper that Spencer’s Motion itself is sanctionable,” the response reads.
Musk’s lawyers additionally describe Spencer’s Motion as “an egregious abuse of process” and “yet another fanciful work of fiction by Spencer in a long chain of such pleadings, a waste of this Court's time, and an insult to undersigned counsel, well-regarded members of the Bar of this Court, and recently admitted by the Court pro hac vice.”
They contend that legal teams can represent the officers of the companies. The only exception is if they’re legal adversaries.
In other parts of the motion, it is suggested that Spencer was the one who leaked the letter, which he claims to have tainted the jury pool.
Previously, Gagarin News reported that Musk’s Dogecoin legal team saw a shuffle.
